Month: September 2013

This Mid-Cap Producer Is Worth Owning for Permian AcreageMotley FoolOil well economics in the Eagle Ford are among the best of all shale plays. That’s less so for gas, where the Barnett and Marcellus generally have a lower cost-base. While Rosetta is working to increase its relative oil production, it won’t likely be …

Editorial: East Texas oil discovery changed course of historyLongview News-JournalOnce again, we are approaching the anniversary of the day a man known as “Dad” gave East Texas what it took to become what it is. On Oct. 3, 1930, after two failed attempts, Columbus Marion “Dad” Joiner brought in the Daisy Bradford No. 3, a well named …

Communities explore natural gas vehiclesTrib- TodayWARREN – Hoping to capitalize in some way on the growth of the natural gas and oil well industry in Ohio, some governments and businesses in Trumbull County are asking for a state grant to explore using compressed natural gas, or CNG, to fuel fleet …

This Once Promising Oilfield Is Now Looking Pretty GrimMotley FoolFor a couple of years now, energy companies, investors, and Brazilian officials have been waiting on what would come from the Brazilian pre-salt auction. Unfortunately, it didn’t turn out the way many had anticipated. Of the 40 companies that were …

$2bn deal to develop oil fieldArab NewsKAMPALA: China’s state-owned CNOOC has secured a $2-billion deal to develop a petroleum field in Uganda and help propel the east African nation into the club of oil-producing countries, an official said. “This is a major breakthrough as a country,” …

Oil lease sale: 21M acres in western GulfHattiesburg AmericanNEW ORLEANS — ConocoPhillips Co. made $50.3 million in high bids, including the day’s highest single bid of $30.5 million, in the second-smallest federal oil lease sale for tracts off the Texas coast since area-wide sales began in 1983. Twelve …

Monopoly Wars, Black Gold, and a Presidential PanicMotley Fool4 was far from the first effort to extract oil in the West, but it was the first commercially successful oil well to be sunk in California. Drilled far from any infrastructure in the remote Santa Susana Mountains, Pico No. 4 rewarded its resourceful …

Throwback Thursday: drilling for oil in 1950s TexasScientific American (blog)The DeGolyer Library at Southern Methodist University in Dallas has shared photos of the Texas oil boom in the 1940s and 1950s. The 50s were a time of peak production for Texas and helped solidify the Texas Railroad Commission as the world’s first oil …

Boxer asks EPA to ensure safety of LA neighborhood near oil fieldLos Angeles TimesU.S. Sen. Barbara Boxer (D-Calif.) asked federal environmental officials Thursday to ensure the safety of a low-income South Los Angeles community where residents worry that their dizziness, headaches and nosebleeds may be linked to noxious odors from …

Will Texas Railroad Commission Race Draw Attention?Texas TribuneThe current Railroad Commission election comes as the economic and environmental impacts of oil and gas production are on the rise in Texas. Technological advances, such as the use of horizontal hydraulic fracturing, have triggered an oil and gas …

Will Texas Railroad Commission Race Draw Attention?MyHighPlainsThe Railroad Commission, the state’s oil and gas regulator, plays a major role in Texas‘ energy production, which has only grown since the state’s drilling boom. But how much do voters care about the commission candidates? Ray Keller has a message for …